Half of high net worth (HNW) women listed a “range of different investment options” as a top priority when engaging with a financial adviser compared to 34 per cent of men, according to research from JBWere.
Perpetual has appointed State Street’s service company Charles River to manage the front office operations for its Australian asset management business.
Award-winning journalist, broadcaster and financial literacy advocate Sue Lannin has been appointed Editor of Investment Magazine, commencing next month. After 20 years at the ABC, Lannin is eager to apply her decades of reportage across financial markets, the economy, science and energy to the Australian institutional investor community, believing the rise and rise of superannuation funds is among the biggest stories in business.
Not every asset owner can explore the benefits of a total portfolio approach due to the strain it puts on an investment team’s efficiency. But for those that can afford the luxury, it can bring both rewarding portfolio diversification and organisational culture, according to Future Fund chief investment officer Ben Samild, who says the method “brings joy” to his job.
Northern Trust has appointed Gary Paulin to the newly-created role of head of international enterprise client solutions.
ASIC chair Joe Longo has acknowledged that directors of superannuation trustees have “the toughest gig” as far as board duties go, with funds’ exceptionally complex governance needs surpassing those of corporate Australia. But still, he said it’s only right that directors be held to “very high standards” when they are dealing with Australians’ precious retirement savings.
Australian company directors no longer feel as much pressure from investors, lenders and other stakeholders to improve climate change governance. In fact, an AICD survey suggests firms are actually doing less work than previously to integrate climate risk into their frameworks.
Australian Retirement Trust has appointed former APRA deputy chair Helen Rowell and chancellor of Macquarie University Martin Parkinson as independent directors to its board.
A third person has pleaded guilty to the Courtenay House Ponzi scheme in Sydney.
Integro Private Wealth has partnered with AMD Chartered Accountants to increase access to advice in regional WA.
Super fund performance was up for the fourth consecutive month in February, with the median growth fund (61 to 80 per cent in growth assets) delivering a 1.9 per cent return for the period, according to researcher Chant West.
Stapling was meant to deliver better retirement outcomes for super fund members by reducing the incidence of multiple accounts, but there’s growing concern that the latest breed of employee onboarding platforms is undermining those efforts by encouraging new employees to choose a fund that pays to be promoted on the platform, rather choosing the fund they may already belong to.
The investment intelligence behind Australia’s largest asset owners and their teams
In-depth interviews with leaders, experts and visionaries in the institutional investment community
Updates on the latest industry policy developments and regulation
The challenges and innovations of custody, technology and operational due diligence
Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.
We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
